GDP numbers show massive growth but new layoffs remain high

The government released two sets of economic data Thursday.

Two sets of data released Thursday by the government paint different pictures of an economy entrenched in the middle of the coronavirus crisis.

Third-quarter GDP grew at a record 33.1% annualized rate, indicating the economy significantly clawed back losses over the past three months. The massive gains come as "efforts continued to reopen businesses and resume activities that were postponed or restricted due to COVID-19," the Commerce Department said.

Separately, the Labor Department said Thursday that another 751,000 people filed for unemployment insurance last week, showing the new layoffs are persisting.

This is a developing story. Please check back for updates.

Football news:

Тот Tottenham midfielder Winks scored from 49 yards. This is the 3rd result in the Europa League, all - in this draw
This miss will hurt all men: Molde player missed from half a meter and drove into the bar
Mikel Arteta: I am Very happy with Pepe's game against Molde. Arsenal played well overall
Napoli players came out in t-shirts with Maradona's name and number 10 for the Europa League match
Daniele Bonera: Milan is happy with the game with Lille and only regrets the result
Neymar on Maradona: You will always remain in our memory. Football is grateful to you
If football was a movie, Diego would be its main character. Showsport readers say goodbye to Maradona